Skip to main content

Quantitative Approach which raise the Scope of Statistics

Image
By
Advertisements frequently assert that data which show the supremacy of the advertiser’s product. The term statistics that is derived from the word ‘state’ entered the English vocabulary in the 18th century. It was employed then, and still utilized, to mean one or more sets of numerical data on different items such as population, wealth, taxes, exports, imports, crop production, and so on, which are of interest to utter officials. There are two customs to use the word statistics. When we say ‘statistics is ‘we are commonly referring to the science of statistics. When we say ‘the statistics are’, we are referring  to numbers like batting averages, the number of unemployed throughout the month, or the number of deaths from malaria throughout a given year. It is tough to come up with a brief definition of statistics as it is a broad subject which has many facets. Generally, it is believed that statistics comprises the collection, analysis, organization, and interpretation of data.


 
There are many reasons why the scope of statistics and the requirement to study the subject statistics have grown extremely in the last fifty years. One reason is the progressively more quantitative approach used in all the sciences, and also in business and many other activities that directly affect our lives. This comprises the use of mathematical methods in the computation of anti-pollution controls, in inventory planning, in the analysis of traffic patterns, in the computation of teaching methods and so on. The other reasons are the volume of data which is collected processed and dispersed to the public for one reason or the other has enlarged almost beyond comprehension. More and more persons with some awareness of statistics are hence required to take an active part in the collection and analysis of data, and also all of the preliminary planning. Observation before it is set and analyzed is termed as raw data. For data to be helpful our observations require to be organized and hence we can pick out trends and come to logical conclusion.
 
Students who are fascinated in studying statistics must get online Statistics Assignment Help and online tutoring assist so that they can acquire help from the experts regarding this specific subject. It is obligatory for each and every student to go through the fundamentals of this subject so that they can shine in this field. There are many companies who have started online assignment help that is proven advantageous to the students as they can acquire online help from the experts concerning this subject.

Comments

Post a Comment

Popular posts from this blog

Different approaches to leadership represented on the jury

By
Rent the film, 12 Angry Men (there are at least two versions of it in town). As you view the film, analyze the group discussions and interactions dramatized in the film. Take notes that will provide you with specific examples to illustrate concepts related to small group communication. Issues for Analysis : Your analysis of the jury's process should address each of the five issues listed below (each section is worth 2 points). Describe in detail, specific examples from the film to support your conclusions. 1. Leadership : Describe two different approaches to leadership represented on the jury. What theory or theories do you think best explain(s) the leadership of this group? 2. Participation: Describe the task, maintenance and self-centered roles represented in the film. What were some of the participation problems confronted by the group? How did the group deal with these problems? Click here to view more on this paper Click here for Assignment Help with 100% accuracy from ...
Post a Comment
Read more

Defining stock and debtors system

By Expertsbuzz.com
Under Stock and Debtors System, the head office does not open a Branch Account in its books. It maintains a few control accounts for recording the various branch transactions. These accounts usually are: (i) Branch Stock Account, (ii) Branch Debtors Account, (iii) Branch Expenses Account, (iv) Branch Cash Account (v) Goods sent to Branch Account, and (vi) Branch Fixed Assets Account. At the end of the accounting year, it prepares the Branch Adjustment Account and the Branch Profit & toss Account. This system is used only when goods are invoiced at , selling price which the branch is not allowed to vary. Let us now study the working of each account opened by the head office when such a system is followed. Branch Stock Account: This is the most important account which helps the head office in controlling the branch stock. It shows all branch transactions relating to goods. The goods sent to branches and the sales returns are shown on its debit side, and the sales (both cash and c...
Post a Comment
Read more

Identify and describe the rule of law

By
1. Ken, grateful that Letisha performed life-saving CPR on him after he had suffered a heart attack, writes a document with the following language: "In consideration of Letisha Washington having saved my life, I hereby promise to pay her $250 per week for life. Signed [Ken Smith]." For the next 3 years, he faithfully makes the weekly payments, and then stops. Letisha, upset that Ken broke his word to her, sues him seeking to reinstate the payments. Was there a valid contract formed in this instance? Why or why not? 2. Imagine that Alexandra promises to give Rasputin $1000 if he stops drinking alcohol for one week. If Rasputin does so, is a contract formed ? 3. Sami walks into a restaurant. She is given a menu, which indicates that lobster is $30. Sami orders the lobster. It arrives, and Sami thinks it is very tasty. When the bill arrives, Sami tries to execute a clever ploy she learned about in her business law class. She writes a check to the restaurant for $20, and writes...
Post a Comment
Read more